If everyone has identical preferences over public goods, Lindahl prices for providing the efficient level of the public good will be the same for everyone.
Answer the following statement true (T) or false (F)
False
Rationale: Unless tastes are quasilinear in the public good, people with different incomes will be charge different Lindahl prices.
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When the price level rises there is a ________ the aggregate demand curve
A) movement down along B) rotation of C) rightward shift of D) leftward shift of E) movement up along
As is shown by the example of college dropout Bill Gates, more education does generally not pay off
a. True b. False
The proportion of minimum-wage earners who are in families with incomes below the poverty line is
a. less than one-third. b. between one-third and one-half. c. between one-half and two-thirds. d. greater than two-thirds.
What type of economic system is commonly described as being controlled by an "invisible hand"?
A. a traditional economy B. a command economy C. a market economy D. a communist economy